IFC, EIB and EBRD commit $424.5 million in green bonds for emerging markets
Three of the world’s leading development finance institutions (DFIs) commit US$424.5 million of investment in green bonds, specifically for developing markets.
Schletter files for insolvency under self-administration
The German PV company aims to finalize the proceedings, which are possible under German insolvency law since the summer of 2012. Business operations are expected to run at full capacity.
World Bank approves another $250 million guarantee to support renewables in Argentina
This new transaction is intended to support projects selected in Round 3 of Argentina’s renewable energy program for large-scale projects. The funds are expected to leverage private investments for an amount that should be nine times higher than the value of the guarantee.
Encavis reports solid results for 2017
The Hamburg-based solar and wind power plant operator saw its revenue and operating result increase significantly last year, thus exceeding its own forecasts.
Canadian Solar exceeds Q4 shipment guidance, posts $99.6m profit in 2017
Canadian Solar has recorded net income of about $99.6 million for 2017, up sharply from the preceding year, as its full-year PV module shipments jumped by roughly 1.6 GW on the year to 6.8 GW.
GCL-Poly reports 8% revenue growth for 2017
Last year, the Chinese polysilicon maker saw robust demand for wafers and polysilicon, paticularly between the second and third quarters. Furthermore, the company said it achieved all its technological upgrade goals, and started construction on its new 20,000 MT polysilicon factory in Xinjiang in December.
BBOXX raises €1 million for off-grid solar through crowdfunding
U.K.-based off-grid developer, BBOXX and online renewable energy investment platform, Trine have raised €1 million from crowdfunded investments in less than one month. The financing will be disbursed at the beginning of April, to enable BBOXX to scale up its operations in Kenya.
Wacker reports €1.07 billion EBIDTA for 2017
The turnover of the Munich-based chemical company increased by 6%. The polysilicon business of Wacker Chemie also continued to increase last year; however, the production halt in the U.S. prevented even stronger growth.
UK: Spring Statement silent on solar
U.K. Chancellor, Phillip Hammond’s Spring Statement was delivered to the House of Commons earlier this afternoon. While the announcement did include provisions for greener products and services, and support for cleaner vehicles, solar and renewable energy were not mentioned specifically.
Energy storage investment fund to float on London Stock Exchange
Private equity firm, Gore Street Capital is planning an IPO for an investment fund focused entirely on utility-scale energy storage projects, to be listed on the London Stock Exchange. The fund already owns three storage projects in the U.K., and is seeking to raise GBP 100 million in initial investment.
